posted December 10, 201010:11
Company OverviewXun Energy, Inc., a development stage company, focuses on alternative energy field primarily on solar energy. The company was formerly known as Real Value Estates, Inc. and changed its name to Xun Energy, Inc. to refelect its new business focus in July 2010. Xun Energy was founded in 2007 and is based in Reno, Nevada.

Xun Energy, Inc. expected to report Q2 2011 results on December 22, 2010. This event was calculated by Capital IQ (Created on October 16, 2010).10/16/2010Xun Energy, Inc. expected to report Q2 2011 results on December 22, 2010. This event was calculated by Capital IQ (Created on October 16, 2010).

Xun Energy, Inc. expected to report Fiscal Year 2011 results on August 30, 2011. This event was calculated by Capital IQ (Created on September 13, 2010).09/13/2010Xun Energy, Inc. expected to report Fiscal Year 2011 results on August 30, 2011. This event was calculated by Capital IQ (Created on September 13, 2010).

Similar Private Companies By IndustryCompany Name Region Great Plains Natural Gas Co. United States W. P. Water Company, Inc. United States Ameren Capital Trust I United States Earth, Energy & Environment, LLC United States Monongahela Power Company United States Recent Private Companies TransactionsTypeDate Target Merger/Acquisition March 12, 2010 -- Merger/Acquisition February 4, 2010 --

SELLER agrees to sell and/or assign Fifty One percent (51%) of the interest of the CORP (“SELLER’S INTEREST”) to PURCHASER at the price set forth in Paragraph 1b below. The closing of this Transaction (the “Closing”) would occur as soon as possible after the satisfaction or waiver of all other closing conditions; but in no event later than January 31, 2011. The Parties shall endeavor to structure the Transaction so that it will minimize the Parties’ tax liability under the Internal Revenue Code.

Purchaser Share Price

PURCHASER and SELLER agree that the value of the PURCHASER SHARES will be a minimum of USA Seventy five Cents (USA$0.75) per PURCHASER SHARE or the average of the five (5) day closing price prior to January 31, 2011.

Purchase Price

PURCHASER and SELLER agree that the Purchase Price for the Fifty One percent (51%) of the interest of the CORP shall be 51% of the Third Party Valuation for the 100% of SELLER’s sixty-two and six tenths percent (62.6%) of seventy one and 875 hundreds percent (71.875%) royalty based on revenues up to 500 producing wells on the 60,000 + acres that

AFFILIATES have various agreements/leases on the oil and gas bearing properties with landowners in the State of Kentucky whereby AFFILIATES will receive 100% of the net revenues after the landowner’s royalty fee which will be between twelve and one half percent (12.5%) and twenty-eight and 1/8 percent (28.125%) and applicable transportation costs, per producing well.

Option to Purchase

PURCHASER will have the option to purchase the remaining 49% interest in the CORP from SELLER on a “first right of refusal basis.” Didn't do your
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posted December 13, 201010:31
XNRG - Global Energy Acquisitions, LLC (“GEA”) with its strategic drilling partner is an oil and natural gas exploration, development and production company geographically focused on the onshore United States.

By combining its scouting and leasing expertise with a strong technical team, we have been able to secure exclusive drilling and mineral rights on approximately 61,000 acres in Kentucky where proven oil productions have already been discovered.
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Xun Energy, Inc. ("XNRG") (OTCBB: XNRG) On December 9, 2010 XNRG executed a Letter of Intent with Global Energy Acquisitions, LLC ("GEA") which provides in part for XNRG to acquire from GEA a 51% gross royalty interest in up to 500 producing oil and gas wells in Kentucky. GEA is in the business of exploring, developing, operating, and investing in, acquiring, selling, managing and drilling oil and gas properties.

It is anticipated that GEA will form a new, wholly owned subsidiary (the "Subsidiary") and transfer the royalty interests in the oil wells to this entity. XNRG will then acquire 51% of the common stock of the Subsidiary and have a right of first refusal to purchase the remaining 49% in the Subsidiary.

"The asset acquisition, subject to closing, is the first step to move XNRG from a 'Shell' status to an operating company status," said XNRG president Peter Matousek, "This has been a very positive process and we are excited to have the ability to generate revenue with relatively low risk in the near future," he added.

GEA and affiliates have exclusive drilling rights to approximately 60,000 + acres of oil and gas bearing properties with landowners in central and south central Kentucky and Tennessee whereby GEA and affiliates will receive 100% of the net revenues after the landowner's royalty fee which will be between 12.5% and 28.125% and applicable transportation costs, per producing well. The Subsidiary will be responsible for the funding of the drilling and completion costs.

"We will immediately begin to develop an aggressive 15 well program with low fixed drilling and completion costs," stated Peter Matousek, XNRG's President. He further stated, "With our Gross Royalty position, we will not be subject to any monthly operating or maintenance costs."

The LOI will provide a framework for the Parties to enter into a Definitive Agreement which is anticipated to be approved by the respective Board of Directors on or before January 17, 2011 with a closing on or before January 31, 2011. The parties reserve the right to modify the structure of the transaction to facilitate any required regulatory approvals and to minimize the tax consequences of the transaction.

The Purchase Price for the acquisition of its equity position in the Subsidiary shall be paid in XNRG's common stock based upon the fair market value of the equity percentage of the Subsidiary's common stock. The LOI further contemplates that XNRG will redeem a percentage of the shares of common stock owned by XNRG's officers and directors in an amount equal to the proportionate share of the common stock issued to GEA. Additionally, Peter Matousek will tender 100 million shares of common stock for redemption by XNRG for nominal consideration.

Closing of the transaction is subject to further due diligence, execution of a definitive agreement, and satisfaction of conditions precedent including delivery of audited financial statements of the Subsidiary and a valuation prepared by an Independent Third Party. There can be no assurance that the parties will come to terms on a definitive agreement or that drill proposed transaction will in fact close.

posted December 14, 201009:31
XNRG NEWS: Xun Energy to Acquire a 51% Gross Royalty Interest in up to 500 Producing Oil and Gas Wells in Kentucky

PORTLAND, OR, Dec 14, 2010 (MARKETWIRE via COMTEX) -- Xun Energy, Inc. ("XNRG") (OTCBB: XNRG) On December 9, 2010 XNRG executed a Letter of Intent with Global Energy Acquisitions, LLC ("GEA") which provides in part for XNRG to acquire from GEA a 51% gross royalty interest in up to 500 producing oil and gas wells in Kentucky. GEA is in the business of exploring, developing, operating, and investing in, acquiring, selling, managing and drilling oil and gas properties. It is anticipated that GEA will form a new, wholly owned subsidiary (the "Subsidiary") and transfer the royalty interests in the oil wells to this entity. XNRG will then acquire 51% of the common stock of the Subsidiary and have a right of first refusal to purchase the remaining 49% in the Subsidiary.

"The asset acquisition, subject to closing, is the first step to move XNRG from a 'Shell' status to an operating company status," said XNRG president Peter Matousek, "This has been a very positive process and we are excited to have the ability to generate revenue with relatively low risk in the near future," he added.

GEA and affiliates have exclusive drilling rights to approximately 60,000 + acres of oil and gas bearing properties with landowners in central and south central Kentucky and Tennessee whereby GEA and affiliates will receive 100% of the net revenues after the landowner's royalty fee which will be between 12.5% and 28.125% and applicable transportation costs, per producing well. The Subsidiary will be responsible for the funding of the drilling and completion costs.

"We will immediately begin to develop an aggressive 15 well program with low fixed drilling and completion costs," stated Peter Matousek, XNRG's President. He further stated, "With our Gross Royalty position, we will not be subject to any monthly operating or maintenance costs."

The LOI will provide a framework for the Parties to enter into a Definitive Agreement which is anticipated to be approved by the respective Board of Directors on or before January 17, 2011 with a closing on or before January 31, 2011. The parties reserve the right to modify the structure of the transaction to facilitate any required regulatory approvals and to minimize the tax consequences of the transaction.

The Purchase Price for the acquisition of its equity position in the Subsidiary shall be paid in XNRG's common stock based upon the fair market value of the equity percentage of the Subsidiary's common stock. The LOI further contemplates that XNRG will redeem a percentage of the shares of common stock owned by XNRG's officers and directors in an amount equal to the proportionate share of the common stock issued to GEA. Additionally, Peter Matousek will tender 100 million shares of common stock for redemption by XNRG for nominal consideration.

Closing of the transaction is subject to further due diligence, execution of a definitive agreement, and satisfaction of conditions precedent including delivery of audited financial statements of the Subsidiary and a valuation prepared by an Independent Third Party. There can be no assurance that the parties will come to terms on a definitive agreement or that drill proposed transaction will in fact close.

Xun Energy, Inc. (XNRG) is a development stage company. We are a shell, which is a company that has very little assets, other than cash, and has no viable business plan at this moment. XNRG's mission is to purchase or develop a revenue producing asset.
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posted December 17, 201013:47
XNRG: It is anticipated that GEA will form a new, wholly owned subsidiary (the "Subsidiary") and transfer the royalty interests in the oil wells to this entity. XNRG will then acquire 51% of the common stock of the Subsidiary and have a right of first refusal to purchase the remaining 49% in the Subsidiary
Posts: 809 | From: florida | Registered: Dec 2008
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Xun Energy, Inc. ("XNRG") (OTCBB: XNRG) Xun Energy, Inc. announces the hiring of Wayne St. Cyr as Executive Vice President, Marketing and Strategic Development after an aggressive search for the right proponent.

Mr. St. Cyr comes to us leaving a distinguished 10 year career with RBS Group (Royal Bank of Scotland) which includes a six time recipient of the President's Award for exceeding company objectives and developing almost $2 billion in total business volume. During his tenure at RBS/Citizens Financial Group, he was responsible for developing the key alliances with Citizens Bank. His first objective with XNRG will be to plan and implement the funding of the drilling and completion of 500 oil and gas wells in the previously announced planned acquisition from GEA of the 51% gross royalty interest in up to 500 producing oil and gas wells in Kentucky.

When asked what attracted Mr. St. Cyr to leave a solid career at RBS, he replied, "Actually, it was an obvious choice for me and my family. I truly believe an opportunity of this magnitude may only come once in a lifetime. This company, even in this early stage, is poised to become a major contender in the US market."

XNRG recently executed a Letter of Intent (LOI) with Global Energy Acquisitions, LLC ("GEA") which provides in part for XNRG to acquire from GEA a 51% gross royalty interest in up to 500 producing oil and gas wells in Kentucky. The LOI will provide a framework for the Parties to enter into a Definitive Agreement which is anticipated to be approved by the respective Board of Directors on or before January 17, 2011 with a closing on or before January 31, 2011.

XNRG and GEA are planning an aggressive 15 well drilling program to commence in early 2011. XNRG plans to capitalize on Mr. St. Cyr's reputation and experience in the banking and financial industry to capitalize the Company.

"We are pleased to have attracted Wayne St. Cyr and have him join the XNRG leadership team as we are building a team that has the vision and leadership to build a very successful high growth company," stated Peter Matousek, XNRG President. "We are on an aggressive path and his compelling experience will assist the Company in achieving our goals," he stated.

About XUN ENERGY, INC.

Xun Energy, Inc. (XNRG) is a development stage company. We are a shell, which is a company that has limited assets, other than cash, and no viable business plan at this moment. XNRG's mission is to purchase or develop a revenue producing asset.

This Press Release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, we claim the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining to the oil and gas operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in our recent filings. Under no circumstances does this Press Release constitute an offer to sell or a solicitation of an offer to buy the securities of the company described in this Press Release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction.

posted December 21, 201009:39
Great News!!! Company has very agressive plans for growth, and they have a very reputable VP to help do the job....

""XNRG and GEA are planning an aggressive 15 well drilling program to commence in early 2011. XNRG plans to capitalize on Mr. St. Cyr's reputation and experience in the banking and financial industry to capitalize the Company.""
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posted December 21, 201010:47
XNRG and GEA are planning an aggressive 15 well drilling program to commence in early 2011. XNRG plans to capitalize on Mr. St. Cyr's reputation and experience in the banking and financial industry to capitalize the Company.

"We are pleased to have attracted Wayne St. Cyr and have him join the XNRG leadership team as we are building a team that has the vision and leadership to build a very successful high growth company," stated Peter Matousek, XNRG President. "We are on an aggressive path and his compelling experience will assist the Company in achieving our goals," he stated.
Posts: 809 | From: florida | Registered: Dec 2008
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PORTLAND, OR, Jan 20, 2011 (MARKETWIRE via COMTEX) -- Xun Energy, Inc. ("XNRG") (OTCBB: XNRG) Xun Energy, Inc. announces the Company will participate in a planned 15 well drilling program with Global Energy Acquisitions, LLC and its affiliates ("GEA"). GEA is a Florida limited liability company. GEA intends to drill 15 oil and gas wells on a 416 acre parcel located in Adair County, Kentucky. Each well will be drilled to a depth of up to 2,000 feet in order to reach the Murfreesboro or Knox Formations. The targeted date for the completion of the $2,550,000 funding requirement has been set to February 28, 2011.

Upon the success of the drilling program, GEA will pay to XNRG up to 12.5% gross royalty on revenues generated from the drilling program. XNRG's participation will be based upon XNRG's investment in GEA's 15 well drilling program. XNRG's participation interest has not yet been established.

Peter Matousek, the Company's president, commented, "The agreement with GEA provides the Company with an opportunity to participate in an oil and gas program which would provide the Company with steady cash flow."

PORTLAND, OR, Jan 20, 2011 (MARKETWIRE via COMTEX) -- Xun Energy, Inc. ("XNRG") (OTCBB: XNRG) Xun Energy, Inc. announces the Company will participate in a planned 15 well drilling program with Global Energy Acquisitions, LLC and its affiliates ("GEA"). GEA is a Florida limited liability company. GEA intends to drill 15 oil and gas wells on a 416 acre parcel located in Adair County, Kentucky. Each well will be drilled to a depth of up to 2,000 feet in order to reach the Murfreesboro or Knox Formations. The targeted date for the completion of the $2,550,000 funding requirement has been set to February 28, 2011. Upon the success of the drilling program, GEA will pay to XNRG up to 12.5% gross royalty on revenues generated from the drilling program. XNRG's participation will be based upon XNRG's investment in GEA's 15 well drilling program. XNRG's participation interest has not yet been established.

Peter Matousek, the Company's president, commented, "The agreement with GEA provides the Company with an opportunity to participate in an oil and gas program which would provide the Company with steady cash flow."

About GEA

GEA is in the business of investing in oil and natural gas exploration programs.

About XNRG

Xun Energy, Inc. is a development stage company with limited assets. The Company's prospects will be subject to securing financing and the success of the drilling program.

This Press Release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, we claim the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Such forward-looking statements by definition involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. In particular, there is no assurance that reserves, production, pricing levels or other factors pertaining to the oil and gas operations will be sustained at the expected rates or levels over time. Discussions of factors, which may affect future results, are contained in our recent filings. Under no circumstances does this Press Release constitute an offer to sell or a solicitation of an offer to buy the securities of the company described in this Press Release in which such offer, solicitation or sale of securities would be unlawful prior to registration, qualification or filing under the securities laws of any jurisdiction.